"The cuts affect companies that make battery materials, recycle lithium-ion batteries, and manufacture super-insulating windows. Energy Secretary Chris Wright has been combing through contracts made during the Biden administration. The DOE claimed that the projects "missed milestones" and "did not adequately advance the nation's energy needs," spokesperson Ben Dietderich told E&E News."
"Ascend Elements has been refining a recycling technology that could turn manufacturing waste and end-of-life batteries into materials required to make lithium-ion batteries domestically. In October 2022, the company was awarded $316 million toward a $1 billion facility in Kentucky. Already, $206 million has been disbursed to Ascend Elements, according to federal government records. The company said it was moving ahead with its plans using other sources of funding to make up for any shortfall."
The Department of Energy is canceling $720 million in manufacturing award funding. The cuts affect companies that make battery materials, recycle lithium-ion batteries, and manufacture super-insulating windows. Energy Secretary Chris Wright reviewed contracts made during the Biden administration and the DOE said the projects missed milestones and did not adequately advance the nation's energy needs. All grant money stemmed from the Bipartisan Infrastructure Law passed in 2021, with most awards made in 2023 and 2024. Three startups were on the cancellation list. Ascend Elements received a $316 million award for a Kentucky recycling facility and had $206 million disbursed; Anovion received $117 million for domestic synthetic graphite production and had $13.8 million disbursed.
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